Buying property from an NRI involves additional tax compliance beyond the usual documentation and payment process. Today's Ask Wallet Wise query decodes one of the most common areas of confusion for ...

WHENEVER A NON-RESIDENT Indian (NRI) sells a property, the buyer has to deduct tax on the gross sale consideration rather than on the actual taxable gains. However, there’s a way out to ensure that ...

Rajesh Desai, an NRI, purchased an apartment in Bengaluru for ₹1.5 crore. He complied with Foreign Exchange Management Act (FEMA) rules by making payments through his Non-Resident External (NRE) ...

For NRIs, buying property in India is a maze of legal paperwork, state rules and intensive due diligence. Here’s what they ...

Rajesh Mehta, an NRI residing in the United States, is returning to Bengaluru after his five-year H1B visa expires. He owns three properties in the city, next to his child's school, where he plans to ...